PPG Chief HR Officer Robert L. Massy Receives Award

What Happened

• Robert L. Massy, Senior Vice President and Chief Human Resources Officer of PPG Industries, received an award of 0.306 phantom stock units (derivative) on July 31, 2026. The units are recorded at $110.52 per share, for an aggregate reported value of approximately $34. This transaction is coded as an Award/Grant (A) and reflects a deferred/phantom stock grant rather than an open-market purchase.

Key Details

• Transaction date and price: 2026-07-31; 0.306 units @ $110.52 per share; total value ≈ $34.
• Transaction type: Award/Grant (derivative phantom stock unit).
• Shares owned after the transaction: not specified in the filing.
• Notable footnotes:
  • F1: The security converts to common stock on a one-for-one basis.
  • F2: Settlement or conversion may occur after termination of employment.
  • F3: These are phantom stock units in PPG’s Deferred Compensation Plan (an unfunded unitized stock/cash fund); unit counts can fluctuate with plan valuation.
• Timeliness: Form 4 filed 2026-08-04 for a 2026-07-31 transaction — within the two-business-day SEC filing window (timely).

Context

• Phantom stock units are a form of deferred compensation that track company stock value; they are derivatives and do not represent an immediate open-market purchase or sale. Such awards are common as part of executive compensation and do not necessarily signal personal buying/selling intent.